- fill in 1 contract at market price with a SL of 15 points
- if the price moves to +15 points, then with 1 move/jump move the "SL" to +2 points (from the buy price)
- now if the stock price moves up then the SL (now more TP) keeps on moving up point by point
- so the max. distance would be 13 points, if the price drops then it should be sold (if no slippage) 13 points to the previous high.
For me is probably the most 2nd point, so how the SL stays until the trade is positive with +15p and then moves at once to +2p.
Thank you,
Bart
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